hi pankaj, i owned a residential bunglow which i have sold last year and against that i have purchased a basement in residential premises. Whether the said transaction is permissible for exemption from capital gain? asked Oct 03 '11 at 18:58 by champ 1●1●2●2 |
If the newly purchased property is with residential status, it would be considered for tax benefit u/s 54. But in case its a commercial space, it won't be. answered Oct 04 '11 at 00:37 by Pankaj Batra 5.2k●3●20 |